Everyone's waiting for 'easing policies': Economic recession → Fed steps in to save the market → Risk assets pump → Bitcoin takes off. This logic is basically: bad news = good news. In a bull market, it's not just the crypto space—stocks also tend to fall into this kind of habitual thinking. But reality is often the opposite— The first thing to do when a real economic recession begins is 'hold tight to your cash.' It's not about rushing to go all in, and definitely not assuming the Fed will come to your rescue. When liquidity contracts, only those who survive will have the chance to ride the next wave. Every small pump is an opportunity to TP.